This document (the “Business Plan”) has been prepared by Marula Majesty (Pty) Ltd (the “Company”) solely for the purpose of providing prospective lenders, equity investors and development-finance partners with preliminary information to assist them in evaluating a possible participation in the funding of the Company. It does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities, nor shall it form the basis of, or be relied upon in connection with, any contract or investment decision.

The financial projections contained herein are forward-looking. The headline revenue and EBITDA figures reflect the sponsor’s commercial targets; all line items below EBITDA, depreciation, financing cost, taxation and net profit, together with the balance sheet, cash flow, working-capital and funding requirements, have been independently constructed by the analyst on a set of stated assumptions and, where they differ materially from the sponsor’s illustrative figures, those differences are disclosed transparently in the findings boxes throughout Section 14. Actual results may differ materially from those projected. No representation or warranty, express or implied, is given as to the accuracy or completeness of the information, and no liability is accepted for any loss arising from its use.

By accepting this Business Plan, the recipient agrees to keep its contents confidential, to use it only for the purpose stated above, and to return or destroy it upon request. Distribution in certain jurisdictions may be restricted by law.